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India’s parliament bans vast online gambling industry

India’s parliament bans vast online gambling industry

Summary

India's parliament has passed a law banning online gambling, which includes card games, poker, and fantasy sports. The law aims to prevent financial problems and social issues linked to gambling, and offenders could face up to five years in prison. The law must still be approved by the president to take effect.

Key Facts

  • India's parliament has banned online gambling, affecting card games, poker, and fantasy sports.
  • The law was introduced because companies were taking $2.3 billion annually from 450 million people in India.
  • Dream11, a major fantasy sports platform and sponsor of India's national cricket team, is impacted by this law.
  • The ban criminalizes the promotion and financing of online gambling with penalties of up to five years in prison.
  • India’s gaming industry is large, but exceptions for e-sports and educational games are included in the new law.
  • Prime Minister Narendra Modi supports the law to protect society from financial harm caused by gambling.
  • The government cited financial distress, addiction, fraud, and links to serious crimes as reasons for the ban.
  • The law distinguishes between games for money and social games, promoting safe online gaming experiences.
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